Corporate Governance

Weston M. Hicks was elected as Chairman of the Company in 2023. Mr. Hicks joined Alleghany Corporation as an Executive Vice President in 2002 and served as President and Chief Executive Officer from 2004 through his retirement at the end of 2021. During this time, he built Alleghany (now a subsidiary of Berkshire Hathaway Inc.) into a leading specialty insurance and reinsurance company with a complementary private equity business that owned eight platform companies in various non-financial industries. Prior to joining Alleghany, he was the Chief Financial Officer of the Chubb Corporation from 2001 to 2002. From 1991 until 2001 Mr. Hicks was an Equity Research Analyst with Sanford C. Bernstein & Co., Inc. and J.P. Morgan Securities, and prior to that he was a Managing Director with Moody’s Investors Service. Mr. Hicks started his career in public accounting in 1979 with what is now KPMG, and spent several years in commercial banking serving insurance companies. He is a member of the CFA Institute. Mr. Hicks has extensive finance, insurance, investment management, private equity and executive management expertise gained over the course of his more than 40-year career in the insurance and finance industries.

Peter M. Carlson has been a director of the Company since 2019. Mr. Carlson is Chief Financial Officer at MiMedx Group, Inc., a biopharmaceutical company, and formerly served as Executive Vice President and Chief Operating Officer of Brighthouse Financial, a U.S. annuity and life insurance company that spun off from MetLife, from 2017 to 2018. Prior to joining Brighthouse Financial, Mr. Carlson served as Executive Vice President and Chief Accounting Officer at MetLife from 2009 to 2017. Prior to joining MetLife, Mr. Carlson was at Wachovia Corporation from 2002 to 2009, where he served as Executive Vice President and Corporate Controller from 2006 to 2008. Mr. Carlson joined Wachovia after fifteen years at Arthur Andersen, where he served as an audit partner working in financial services, manufacturing, commercial services and distribution. Mr. Carlson has extensive accounting and auditing experience gained over the course of his 30-year career in the insurance and financial services industries.

Mary C. Choksi has been a director of the company since 2017. Ms. Choksi was a founding partner of Strategic Investment Group (“Strategic”), an investment management enterprise founded in 1987 which designs and implements global investment strategies for large institutional and individual investors. She served as a Senior Managing Director/Senior Advisor of Strategic until February 2017. Ms. Choksi has served as a Director of the Avis Budget Group since 2007, where she serves on the Compensation Committee, and of the Omnicom Group since 2011, where she serves on the Audit and Compensation Committees. She is also a Director of 39 investment companies in the Franklin and Templeton series of mutual funds. Ms. Choksi was a founder and, until May 2011, a Managing Director of Emerging Markets Management LLC, which manages portfolios of emerging market equity securities, primarily for institutional investors. Prior to 1987, Ms. Choksi worked in the Pension Investment Division of the World Bank. Ms. Choksi has extensive executive and board-level service and investment management expertise gained over the course of her 40 years in the financial services industry.

Margaret Dillon was elected as a director of the Company in 2021. Ms. Dillon served as Executive Vice President and Chief Customer Officer, US Consumer Markets, for Liberty Mutual Insurance from November 2014 until September 2017. Prior to that, Ms. Dillon was Senior Vice President and Chief Financial Officer for Liberty’s Personal Lines Insurance business. In addition to her 23 years in insurance, Ms. Dillon spent 10 years in the manufacturing sector in technology and finance roles for International Paper. Ms. Dillon also serves as a Director of Guidewire Software. She is a member of Woman Corporate Directors (Boston chapter) and National Association of Corporate Directors (New England chapter). Ms. Dillon has extensive executive, financial, property and casualty insurance expertise gained over the course of over 30 years in the insurance and manufacturing industries.

Philip A. Gelston has been a director of the company since 2018. Mr. Gelston joined Cravath, Swaine & Moore LLP in 1978 and became a partner in 1984. He retired from Cravath’s Corporate Department in December 2017. He has extensive experience in mergers and acquisitions, joint ventures and general corporate counseling. Mr. Gelston’s practice encompassed complicated negotiated transactions, hostile transactions (both offense and defense), cross border transactions, activist defense, and advising boards and senior executives, particularly on corporate governance and managing crisis situations. Mr. Gelston also serves as a Trustee for the Friends of Bronx Preparatory Charter School. Mr. Gelston has extensive legal and management expertise gained over the course of his 40-year career in the legal field.

G. Manning Rountree was appointed as a director and Chief Executive Officer of the Company on March 1, 2017. Previously, Mr. Rountree served as an Executive Vice President of the Company and President of White Mountains Capital, Inc. (“WM Capital”). He joined White Mountains in 2004 and served as President of WM Advisors from March 2009 until December 2014. Prior to joining White Mountains, Mr. Rountree was a Senior Vice President at Putnam Investments for two years. Prior to joining Putnam Investments, Mr. Rountree spent three years with McKinsey & Company. Mr. Rountree served as a director and member of the Risk Management Committee of Admiral Group plc, a large car insurance provider based in the UK, from 2015 to 2021.

Suzanne F. Shank was elected as a director of the Company in 2021. Ms. Shank is President and the largest equity owner of Shank Williams Cisneros & Co., LLC and CEO of Siebert Williams Shank & Co., LLC (SWS). Prior to the forming of SWS in 2019, Ms. Shank was Chairperson and CEO of Siebert Cisneros Shank & Co., L.L.C., a firm which she co-founded in 1996 as a start-up investment bank and grew to become the first MWBE firm to rank within the Top 10 of all U.S. municipal debt underwriters and the first MWBE to lead a municipal underwriting over $1 billion in principal amount.

Ms. Shank has served on the board of directors of numerous public and private companies and currently serves as a director of Rocket Companies and Consumers Energy Company. Ms. Shank is also a member of the Wharton School’s Graduate Executive Board and Spelman College’s Board of Trustees, and is a member of the International Women’s Forum. Ms. Shank serves on the SEC’s Fixed Income Market Structure Advisory Committee.

David A. Tanner has been a director of the Company since 2018 and was appointed as Deputy Chairman of the Board in February 2020. Mr. Tanner is the Managing Director of Three Mile Capital LLC, a private investment company that was founded in 2017. Previously, he served as the Managing Director of Arlon Group LLC, and as Executive Vice President and a member of the Management Committee of Continental Grain Company from 2006 to 2017; Founder and Managing Principal of Quadrangle Group, LLC from 2000 to 2006; Managing Director at Lazard Freres & Co. and Managing Principal at Lazard Capital Partners from 1998 to 2000; and Managing Director at Warburg Pincus LLC, with which he was associated from 1986 to 1997. Mr. Tanner has served on the board of directors of numerous public and private companies and currently serves on the boards of The Coastal Companies, Wholesome Sweeteners, Inc., CiCi's Holdings, Inc., and Northeast Bancorp. He is also a member of the Advisory Board of Engaged Capital. Mr. Tanner is Chairman of the Board of the New York University School of Law, Trustee of New York University, Chair Emeritus of Montefiore Medicine Academic Health System, Director of Lawyers for Children, Director of The Carroll and Milton Petrie Foundation and a member of the Council on Foreign Relations. Mr. Tanner has extensive executive and board-level service and financial expertise gained over the course of over 30 years in the financial services industry.

Steven M. Yi was elected as a director of the Company in 2023. Mr. Yi is the Chief Executive Officer and co-founder of MediaAlpha, Inc. Prior to co-founding MediaAlpha in 2011, he served as the Chief Executive Officer of FareLoop, LLC from 2009 to 2011. From 2000 until 2009, Mr. Yi held leadership and management positions in several technology companies. Prior to 2000, Mr. Yi spent several years in the banking and consulting industries at Goldman, Sachs & Co. and Mercer Management Consulting (Oliver Wyman). Mr. Yi has extensive executive, technology and management expertise gained over the course of over 20 years in the insurance services and technology industries.